NTRS Northern Trust margins

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  3. NASDAQ: NTRS
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Relative Growth: Rel. Growth: 94
Relative Strength: Rel. Strength: 71
Relative Valuation: Rel. Valuation: 62
Relative Profitability: Rel. Profitability: 90
Gross margin
100%
Operating margin
33.2%
EBITDA margin
41.9%
Net margin
24.7%

Currently, Northern Trust has a gross margin of 100%, an operating margin of 33.2%, an EBITDA margin of 41.9%, and a net margin of 24.7%. The largest improvement was in operating margin, up 4.1 percentage points; the remaining margins held steady.

NTRS margin history

Gross, operating, EBITDA and net margin trends

Northern Trust's margins averaged 100% gross, 28.4% operating, 37.59% EBITDA, and 21.44% net during the last 3 years. Northern Trust's current metrics show that operating, EBITDA, and net margins are above their three-year averages.

NTRS margin expansion

Year-over-year margin changes in percentage points

Operating margin expanded by 4.1 percentage points, EBITDA margin by 3.3 percentage points, and net margin by 2.6 percentage points, while gross margin was unchanged.

Gross margin expansion
0pp
Operating margin expansion
4.1pp
EBITDA margin expansion
3.3pp
Net margin expansion
2.6pp

NTRS Gross margin

Across the last 3 years, Northern Trust recorded an average gross margin of 100%. Northern Trust currently reports a gross margin of 100%, in line with its three-year average. The highest gross margin for Northern Trust was 100% in Jun 2026, while the lowest was 100% in Dec 2023.

NTRS Operating margin

Northern Trust recorded an average operating margin of 28.4% across the last 3 years. Northern Trust currently reports an operating margin of 33.2%, 4.8 percentage points above its three-year average. Looking back over the last 3 years, Northern Trust's operating margin reached 33.7% at its highest point in Mar 2025 and 19.6% at its lowest in Mar 2024.

NTRS EBITDA margin

Northern Trust recorded an average EBITDA margin of 37.59% across the last 3 years. Northern Trust currently reports an EBITDA margin of 41.9%, 4.3 percentage points above its three-year average. During this period, EBITDA margin reached a high of 42.3% in Mar 2025 and a low of 29.4% in Mar 2024.

NTRS Net margin

Northern Trust's net margin averaged 21.44% in the last 3 years. As of the latest period, Northern Trust's current net margin is 24.7%, which is 3.3 percentage points above its three-year average. Over the last 3 years, Northern Trust's net margin peaked at 25.7% in Mar 2025 and reached a low of 14.8% in Mar 2024.

NTRS margin group comparison

Margins compared with peer-group, industry and sector averages

With a gross margin of 100%, NTRS stands higher than the Financial Services sector and the industry average. Looking at the Financial Services sector average of 83.9%, Northern Trust's gross margin is 19% higher.

NTRS margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Northern Trust's gross margin?

The current gross margin for NTRS is 100% as of Jun 30, 2026.

What is Northern Trust's operating margin?

The current operating margin for NTRS is 33.2% as of Jun 30, 2026.

What is Northern Trust's EBITDA margin?

As of Jun 30, 2026, NTRS has an EBITDA margin of 41.9%.

What is Northern Trust's net margin?

As of Jun 30, 2026, NTRS has a net margin of 24.7%.

What are the average margins of NTRS?

Northern Trust's average margins over the last 3 years were 100.0% gross, 28.4% operating, 37.6% EBITDA, and 21.4% net.

What are the highest historical margins of NTRS?

Looking back across 5 years, NTRS reached 100% gross in Jun 2026, 33.7% operating in Mar 2025, 42.3% EBITDA in Mar 2025, and 25.7% net in Mar 2025.

What are the lowest historical margins of NTRS?

Across the 5-year period, NTRS posted its lowest margins at 100% gross in Dec 2021, 19.6% operating in Mar 2024, 29.4% EBITDA in Mar 2024, and 14.8% net in Mar 2024.